A landmark settlement between the DOJ and Live Nation, the company behind Ticketmaster, has been branded a 'terrible deal' as more than two dozen states say they will refuse to sign it.
The provision settlement between the DOJ and Live Nation comes less than a week into an anti-trust trial. Under the proposed deal, Live Nation would pay around $200 million to participating states, cap Ticketmaster fees at certain venues, divest 13 amphitheaters, and stay under federal oversight. Ticketmaster would also have to open parts of its platform to other ticketing companies and limit exclusivity contracts with venues to four years, which the DOJ called a win for both fans and the industry.
